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Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals space, more specifically copper and zinc. The Company is focused on base metal projects located in Canada. Its projects include the Gaspe Copper project, the Pine Point project, and Mount Copper Expansion project. The Gaspe Copper project is located near Murdochville in the Gaspe peninsula of Quebec. Gaspe Copper hosts the undeveloped copper resource in Eastern North America, strategically located near existing infrastructure. The Company’s Pine Point project is located on the south shore of Great Slave Lake in Canada’s Northwest Territories, between Hay River to the west and Fort Resolution to the east. The Mount Copper Expansion Project hosts the undeveloped copper resource in Eastern North America. The Company’s subsidiary is Pine Point Mining Limited.


TSXV:OM - Post by User

Bullboard Posts
Comment by Sharpie009on Jun 09, 2008 10:16pm
239 Views
Post# 15164436

RE: Back up truck

RE: Back up truckI agree wholeheartedly.  When this stock takes off watch out.  It will move up fast. The tinder will be the new resource calc.  You almost get the impression management is not too concerned with the current share price knowing full well what is on the horizon.  Calm before the storm.  It is however even difficult for me watching stocks like Detour (where I am also an investor) and Eldorado (on my radar) hit new highs and Osisko hit new lows.  Osisko is a lot closer to production than Detour (may not have as many ounces) but should start to command a higher price per ounce the closer we get to the commencement of production.  I still say there is quite a bit of manipulation going on here with the big boys first taking this stock below the $5 mark (no longer 50% margin and also is below the lowest threshold some funds buy at).  Gives them the opportunity to accumulate from scared retail investors and cover their short positions.  Keep in mind that Osisko at one point had one of the greatest short positions while it was on the Venture exchange  (excess of 5 miiliion).  Not sure what it is now.   Downward pressure was done in conjunction  with the old theory sell in May and June which has not really materialized this year.  Now time running out for these folks with resource calc due beginning of July.  Even the most pessimistic analyst has a target price of at least $6 per share.  Like I said don't think they can bring this below $4 ( too much support).  A 500,000 to 600,000 ounce producer with cash cost around $300 with a market cap of $640 million including $160 million cash.  Simply unbelievable.   Won't last very much longer.
Bullboard Posts